The first year of the 10th Senate has been marked by a sluggish pace in bill proposals, with only 14 focusing on natural resource governance
Despite Nigeria’s rich natural resource base, a perceived slow legislative activity to harness the sector raises concerns, particularly given Nigeria’s urgent economic challenges.
As Africa’s most populous nation and one of the most resource-rich countries globally, Nigeria continues to face a significant debt burden. Despite possessing vast natural resources, such as oil, natural gas, gold, and coal, the public debt remains at alarming levels, with debt servicing consuming a considerable portion of national revenue.
Many critics have pointed out the senate’s legislative sluggishness, arguing that it has not adequately engaged with the pressing issues requiring urgent legislative intervention, such as economic diversification, infrastructure development, and fiscal responsibility. This situation is exacerbated by Nigeria’s ongoing debt crisis, which necessitates decisive legislative measures for mitigation.
The legislative arm of government plays a crucial role in shaping national policies that influence economic growth, social welfare, and governance. With only 14 bills proposed in light of a severe debt crisis and vast untapped natural resources, the senate’s slow pace raises questions about its commitment to addressing Nigeria’s economic challenges.
There is an urgent need for more comprehensive legislative action to harness the potential of Nigeria’s natural resources, focusing on diversification and resource governance, which is vital for the country’s future.
10th NASS Report Card: Read up on the performance of other senators and members of House and other specialized categories here.
